An item has the demand function Q = 435 - 3P and the supply function P = 25 + Q Calculate the price for which the demand and supply quantities Q are the same.

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Jarrod RobelLv2

23 Mar 2019

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3.4.

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aquamarinemarten614

Suppose that the supply function for honey is p=S(q)=0.4q+2.8, where p is the price in dollars for an 8-oz container and q is the quantity in barrels. Suppose also that the equilibrium price is $4.80 and the demand is 4 barrels when the price is $6.60. Find an equation for the demand function, assuimng it is linear.

The demand function is D(q)=_________________

(Simplify your answer. Use integers or decimals for any numbers in the expression.)

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